Short Interest in Pinnacle Food Group Limited (NASDAQ:PFAI) Grows By 72.8%

Pinnacle Food Group Limited (NASDAQ:PFAIGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 13,164 shares, an increase of 72.8% from the January 15th total of 7,620 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 31,523 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 31,523 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Pinnacle Food Group Stock Down 3.1%

NASDAQ PFAI opened at $2.17 on Friday. Pinnacle Food Group has a twelve month low of $1.30 and a twelve month high of $4.93. The business has a 50-day moving average price of $2.20 and a 200-day moving average price of $2.19.

Institutional Investors Weigh In On Pinnacle Food Group

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc bought a new position in Pinnacle Food Group Limited (NASDAQ:PFAIFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned approximately 0.32% of Pinnacle Food Group as of its most recent filing with the Securities & Exchange Commission.

Pinnacle Food Group Company Profile

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Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS). We currently sell hydroponic growing systems and technical support services to individual households and community groups and are developing a hydroponic growing system for urban farms.

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